Seacoast Banking Corp. of Florida in Stuart has combined the roles of chairman and CEO.
The $9.7 billion-asset company said in a press release Thursday that Chuck Shaffer, its president and CEO, had succeed Dennis Hudson III as chairman. Hudson, who preceded Shaffer as CEO, will remain on Seacoast’s board.
“We thank Denny for his outstanding leadership over more than four decades,” Shaffer said in the release. “We are pleased our board will continue to benefit from his deep market expertise and institutional knowledge. … I look forward to continuing to execute our balanced growth strategy.”
Hudson’s grandfather chartered Seacoast in 1926. His father and uncle led the bank before he become chairman and CEO in 1992.